The market for office space in Manchester slowed in 2020, but is expected to recover in 2021 as the pandemic lessens.
Estate experts forecast that the office space sector will need to adapt to a post-COVID world, with real estate advisor Chris Cheap saying:
“As the vaccine roll-out provides more confidence, and the new reality emerges, there are some very clear dynamics that Manchester has the resilience and flexibility to react brilliantly.”
Real estate expert John Ogden is also positive about Manchester recovering when the effect of the vaccine program slows the virus spreading. He says that the office space market in the region will need to adapt as workers return to office environments.
Most office workers have been working from home, but although days worked at home are likely to be higher post-COVID, the majority of workers are expected to return to the office.
A recent survey found that 79% of millennials say that a high standard of office space plays a large part in selecting jobs. To meet this demand, there is an increase in A-grade office space in Manchester with top facilities that help the health and wellbeing of workers.
When workers return to offices, they may still have to social distance. This requires flexible office spaces that can adapt to changing space requirements. The Global Occupier Surveys found that 92% of corporate office space clients say that flexibility is a significant factor when leasing or purchasing office space.